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🔥 Important Update $FIL 🔥 Chinese Police Detain STFIL Member, Will This Affect Filecoin? In the ongoing confusion of the crypto market sentiment, the recent report from a prominent Filecoin liquid staking platform has gathered everyone’s attention. On April 9, 2024, STFIL raised concerns within the crypto community as it revealed that some of its core technical team members are currently under investigation by Chinese police. What’s happened with STFIL? The platform, boasting just under $40 million in total value locked (TVL), disclosed the unsettling news in a recent statement. According to reports, STFIL’s team members are experiencing scrutiny, prompting the engagement of legal support to navigate the situation. The platform, however, refrained from delving into the specifics surrounding the investigation. Adding to the uncertainty, it was disclosed that tokens worth approximately $23 million were transferred to an unidentified external address $FIL #FIL❤️usdt #BullorBear #write2earn🌐💹

🔥 Important Update $FIL 🔥

Chinese Police Detain STFIL Member, Will This Affect Filecoin?

In the ongoing confusion of the crypto market sentiment, the recent report from a prominent Filecoin liquid staking platform has gathered everyone’s attention.

On April 9, 2024, STFIL raised concerns within the crypto community as it revealed that some of its core technical team members are currently under investigation by Chinese police.

What’s happened with STFIL?

The platform, boasting just under $40 million in total value locked (TVL), disclosed the unsettling news in a recent statement.

According to reports, STFIL’s team members are experiencing scrutiny, prompting the engagement of legal support to navigate the situation.

The platform, however, refrained from delving into the specifics surrounding the investigation.

Adding to the uncertainty, it was disclosed that tokens worth approximately $23 million were transferred to an unidentified external address

$FIL

#FIL❤️usdt #BullorBear #write2earn🌐💹

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🔥🔥🔥 Breaking : Ripple $XRP up for a massive price shake-up 🔥🔥🔥 The legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) over the classification of XRP as a security is becoming increasingly complex. Recent developments have seen two federal judges challenge Judge Torres’ previous classification of XRP as a non-security on exchanges and a security for institutional sales. This decision is now being questioned in lawsuits involving Coinbase and Terraform Labs. Notably, the classification of XRP as a security revolves around the Howey Test, a legal yardstick employed to ascertain whether an asset qualifies as an investment contract and, consequently, a security under securities regulations. This test comprises four key criteria: the investment of money, anticipation of profits, a common enterprise, and reliance on the efforts of others. In her ruling last July, Judge Torres used the Howey test to separate XRP sales into two groups, but this application is now being scrutinized. Charles Gasparino, a journalist at Fox Business News, recently criticized the application of the Howey test in the Ripple case, citing its “incoherence.” In a tweet on March 31, Gasparino stated that two federal judges, including Judge Rakoff, who is considered an authority in corporate-law judiciary, have questioned the arguments presented in Judge Torres’ Ripple ruling. Gasparino further noted that while it is uncertain if the ruling will be overturned and XRP will be declared an unregistered security, “the signs are there that [Judge Torres’s] legal analysis is faulty”. Interestingly, just a day prior, the pundit reported that securities lawyers also believe a federal judge’s ruling against Coinbase serves as a cautionary signal to XRP holders “that judge Torres’s Ripple analysis is likely to be reversed by the federal courts.” Meanwhile, these legal challenges have affected the price of XRP, which has traded in a tight range for the past 690 days or so. #write2earn🌐💹 #BullorBear
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